(CAPM) to price assets in different market structures. Second, we use our model to analyze whether when markets are … partially segmented using the local or the global CAPM yields significant errors in the estimation of the cost of capital for a … sample of firms from developed and emerging countries. -- finance ; international asset pricing ; firm's cost of capital …

We provide evidence that international equity investors are compensated for bearing currency risk. Three factors --- a … the risks of international mutual funds and hedge funds. A simple complete-markets model replicates our empirical findings …

one or more aspects of international trade and factor movements, including trade in goods, trade in value added …, international movement of labor and capital, and trade in risk. All chapters aim to contribute to our understanding of the economic … of the pattern of trade, factor flows, and production, as well as the role of barriers to the international exchange of …

(CAPM) to price assets in different market structures. Second, we use our model to analyze whether when markets are … partially segmented using the local or the global CAPM yields significant errors in the estimation of the cost of capital for a …